Working during Bankruptcy

peterkay369

gman1980 wrote: »

Hi,
Many thanks for your kind words, didnt want to create a debate over it. As brightlights pointed out, I certainly thought not putting as employee until she gets discharged. However, paying her 800 or however much lesser or more to her wont make me save much in tax( if thats what anyone thinks). its just that I thought morally this is what the situation is and didnt want to hide anything, above all , making amends for how we got into this in the first place.

If her working full time means a potential IPA, does she need to work full time? IPAs have changed recently and the figures allowed are a lot more strict, so may be not worth the risk in your situation.

BrightLights14

Sorry for ranting on your thread OP. Really hope it works out for you both. X

Geoff1963

I don't understand, what is the benefit of making your wife an employee ? Can she not support your business, without being an employee ? For instance ; if she did every household chore, so you could devote more time to the business, would you need to pay her at all ?

Johnbd1985

Kind regards but can you do an update? I'm really interested in the outcome.
- Thank you

roughsea

i decided to cut my hours and avoid the IPA and have no intention of paying one penny. Bankruptcy mean bankrupt and a clean slate and not to be tied to paying a 3 year agreement.